Can I retire at age 51 with 2,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$231,221$229,162$227,152$225,191$223,276$220,577
2 years$114,466$112,334$110,268$108,265$106,322$103,606
3 years$75,553$73,412$71,351$69,366$67,455$64,806
4 years$56,100$53,965$51,925$49,975$48,109$45,548
5 years$44,431$42,309$40,296$38,385$36,572$34,106
6 years$36,655$34,549$32,565$30,697$28,938$26,570
7 years$31,102$29,014$27,062$25,238$23,535$21,265
8 years$26,940$24,870$22,951$21,171$19,524$17,354
9 years$23,704$21,654$19,767$18,033$16,442$14,369
10 years$21,117$19,087$17,234$15,545$14,010$12,033
11 years$19,001$16,992$15,172$13,529$12,049$10,167
12 years$17,240$15,251$13,465$11,866$10,441$8,652
13 years$15,750$13,783$12,030$10,476$9,105$7,406
14 years$14,475$12,528$10,809$9,300$7,981$6,371
15 years$13,370$11,445$9,759$8,294$7,027$5,502
16 years$12,405$10,500$8,848$7,426$6,211$4,768
17 years$11,554$9,670$8,051$6,672$5,507$4,144
18 years$10,799$8,936$7,350$6,013$4,896$3,610
19 years$10,123$8,282$6,728$5,433$4,364$3,152
20 years$9,516$7,696$6,175$4,921$3,898$2,757
21 years$8,968$7,168$5,680$4,466$3,489$2,415
22 years$8,470$6,691$5,235$4,061$3,127$2,119
23 years$8,016$6,258$4,833$3,698$2,807$1,861
24 years$7,601$5,864$4,470$3,373$2,523$1,636
25 years$7,219$5,503$4,140$3,080$2,270$1,440
26 years$6,867$5,172$3,840$2,816$2,045$1,268
27 years$6,542$4,867$3,566$2,578$1,844$1,117
28 years$6,241$4,586$3,315$2,362$1,664$985
29 years$5,961$4,327$3,085$2,166$1,502$869
30 years$5,700$4,086$2,873$1,988$1,357$767
31 years$5,456$3,863$2,679$1,826$1,227$677
32 years$5,228$3,655$2,499$1,678$1,110$598
33 years$5,014$3,461$2,334$1,543$1,005$529
34 years$4,814$3,280$2,180$1,420$910$467
35 years$4,625$3,111$2,038$1,307$824$413
36 years$4,447$2,953$1,907$1,204$746$365
37 years$4,279$2,805$1,785$1,109$677$323
38 years$4,120$2,666$1,671$1,022$613$286
39 years$3,970$2,535$1,566$942$556$253
40 years$3,828$2,412$1,468$869$504$224
41 years$3,693$2,296$1,376$802$458$198
42 years$3,565$2,186$1,291$740$415$175
43 years$3,443$2,083$1,211$683$377$155
44 years$3,327$1,986$1,137$631$342$137
45 years$3,216$1,893$1,068$583$311$122
46 years$3,111$1,806$1,003$538$282$108
47 years$3,010$1,724$942$497$256$95
48 years$2,914$1,646$885$459$233$84
49 years$2,822$1,571$832$425$211$75
50 years$2,734$1,501$782$392$192$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,800,000, adding $6,650 every year, while hoping to spend $55,296 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/39/23 Blend
50$2,800,000$2,800,000$2,800,000$2,800,000
51$3,092,459$2,944,059$2,900,659$3,188,494
52$3,349,056$3,029,484$2,938,997$3,344,315
53$3,629,972$3,117,241$2,976,766$3,506,953
54$3,937,629$3,207,386$3,013,888$3,681,617
55$4,274,696$3,299,977$3,050,282$3,869,427
56$4,644,110$3,395,070$3,085,861$4,071,617
57$5,049,106$3,492,725$3,120,534$4,289,544
58$5,493,247$3,593,001$3,154,204$4,524,702
59$5,980,458$3,695,958$3,186,770$4,778,735
60$6,515,062$3,801,658$3,218,124$5,053,452
61$7,101,821$3,910,161$3,248,154$5,350,847
62$7,745,979$4,021,531$3,276,739$5,673,113
63$8,453,314$4,135,832$3,303,755$6,022,665
64$9,230,190$4,253,126$3,329,069$6,402,165
65$10,083,619$4,373,478$3,352,542$6,814,540
66$11,021,324$4,496,954$3,374,028$7,263,018
67$12,051,814$4,623,620$3,393,373$7,751,152
68$13,184,463$4,753,541$3,410,415$8,282,856
69$14,429,598$4,886,785$3,424,983$8,862,443
70$15,798,597$5,023,417$3,436,900$9,494,661
71$17,303,994$5,163,505$3,445,977$10,184,743
72$18,959,602$5,307,117$3,452,018$10,938,453
73$20,780,635$5,454,320$3,454,814$11,762,142
74$22,783,859$5,605,181$3,454,150$12,662,806
75$24,987,746$5,759,767$3,449,797$13,648,154
76$27,412,647$5,918,147$3,441,516$14,726,680
77$30,080,986$6,080,385$3,429,056$15,907,741
78$33,017,472$6,246,549$3,412,154$17,201,650
79$36,249,328$6,416,705$3,390,536$18,619,767
80$39,806,552$6,590,916$3,363,912$20,174,614
81$43,722,197$6,769,247$3,331,979$21,879,986
82$48,032,681$6,951,761$3,294,421$23,751,083
83$52,778,136$7,138,518$3,250,905$25,804,659
84$58,002,780$7,329,580$3,201,085$28,059,171
85$63,755,338$7,525,003$3,144,595$30,534,962
86$70,089,500$7,724,846$3,081,056$33,254,447
87$77,064,426$7,929,160$3,010,069$36,242,329
88$84,745,307$8,137,999$2,931,216$39,525,829
89$93,203,978$8,351,410$2,844,061$43,134,945
90$102,519,595$8,569,440$2,748,148$47,102,735
91$112,779,382$8,792,131$2,642,999$51,465,629
92$124,079,455$9,019,522$2,528,116$56,263,775
93$136,525,728$9,251,647$2,402,976$61,541,414
94$150,234,911$9,488,537$2,267,035$67,347,305
95$165,335,613$9,730,216$2,119,721$73,735,178
96$181,969,553$9,976,705$1,960,440$80,764,248
97$200,292,902$10,228,017$1,788,569$88,499,769
98$220,477,749$10,484,161$1,603,458$97,013,655
99$242,713,733$10,745,138$1,404,426$106,385,159
100$267,209,825$11,010,941$1,190,766$116,701,619